Mon.Mar 04, 2024

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Daily Digest – March 4. Judge Grants MSJ For Defendant in FDCPA Case Over ID Theft Claim; Bill Introduced in House to Remove Certain Medical Debts from Native Americans’ Credit Reports

Account Recovery

Judge Grants MSJ For Defendant in FDCPA Case Over ID Theft Claim Bill Introduced in House to Remove Certain Medical Debts from Native Americans’ Credit Reports The Power of a Virtual Assistant in Your Organization Compliance Digest – March 4 WORTH NOTING: The best smart security devices to help your home feel safe … Why […]

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CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) ) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

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The Power of a Virtual Assistant in Your Organization

Account Recovery

A blog post from Klarna, a Buy Now, Pay Later fintech company, started making the rounds in the collection industry last week, and has been turning a lot of heads.

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Statement of CFPB Director Rohit Chopra on the Final Rule to Close the Credit Card Late Fee Loophole

Consumer Finance

The Consumer Financial Protection Bureau is taking action to rein in junk fees on credit cards, increase competition, and put billions of dollars back in the pockets of American families.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Bill Introduced in House to Remove Certain Medical Debts from Native Americans’ Credit Reports

Account Recovery

A bipartisan bill has been introduced in the House of Representatives to amend the Fair Credit Reporting Act by restricting certain types of medical debt from appearing on the credit reports of Native Americans as a means of protecting them from wrongfully charged medical bills that are actually owed by the Indian Health Service.

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Compliance Digest – March 4

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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PDCflow Releases Text Message Service API

PDC Flow

Text messaging with PDCflow has never been better! For two decades, our company has provided compliant, reliable, affordable tools that make it simple to take payments, send documents, get esignatures, and more. Now, PDCflow has enhanced our software to include text message API services. This allows any company to take advantage of our white-labeled texting solution for better customer communication – directly from their system of record.

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Judge Grants MSJ For Defendant in FDCPA Case Over ID Theft Claim

Account Recovery

A District Court judge in New York has given the final heave-ho to a Fair Debt Collection Practices Act case by granting the defendant’s motion for summary judgment over the language used in a communication sent by the defendant to the plaintiff after the plaintiff claimed to be the victim of identity theft.

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CFPB Prohíbe el Cobro de Excesivas Penalidades por Atraso en Tarjetas de Crédito, la Tarifa Típica Baja de $32 a $8

Consumer Finance

La CFPB finalizó hoy una normativa que corta el cobro de excesivas penalidades por atraso en tarjetas de crédito al cerrar un vacío legal, explotado por los grandes emisores de las mismas.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities On March 1, as part of National Consumer Protection Week (NPCW), the Federal Trade Commission (FTC) and its partners, including consumer organizations, national advocacy organizations, and other federal, state, and local government agencies participated